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March 18, 2018: The Economist’s Intelligence Unit has just released its list of the world’s priciest metropolises.

10 most expensive cities in the world:

Singapore

Paris, France

Zürich, Switzerland

Hong Kong, SAR, China

Oslo, Norway

Geneva, Switzerland

Seoul, South Korea

Copenhagen, Denmark

Tel Aviv, Israel

Sydney, Australia

10 cheapest cities in the world:

Damascus, Syria

Caracas, Venezuela

Almaty, Kazakhstan

Lagos, Nigeria

Bangalore, India

Karachi, Pakistan

Algiers, Algeria

Chennai, India

Bucharest, Romania and New Delhi, India

To determine which cities are costliest, The Economist compared the prices of basic commodities — like the cost of a loaf of bread, bottle of wine, pack of 20 cigarettes or liter of gasoline — in each.

In Singapore, the average price for a loaf of bread is $3.71, a bottle of wine is $23.78, 20 cigarettes go for $9.66 and a liter of gasoline is $1.56.

In Damascus, the average price for a loaf of bread is 60 cents, a bottle of wine is $3.35, 20 cigarettes go for $1.55 and a liter of gasoline is 50 cents.

Asian cities tend to be the priciest locations for general grocery shopping, however, European cities tend to be priciest in the household, personal care, recreation and entertainment.